Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Since July, the Luibor Overnight has increased significantly, now standing at 17.14%, denoting signs of an expected tightening of liquidity in the banking system;
Imports of goods listed on PRODESI in July totaled USD 114 million (M), representing a drop of 41.4% compared to the same month in 2020;
On the other hand, exports of these goods increased 90.7% yoy to USD 4M, with emphasis on the beverage sector;
High-frequency indicators gave mixed signals for the start of Q3 2021, with transactions falling in real terms over the last 3 months, contrary to imports.

Best regards,
BFA

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